SUSTAINABILITY AND ENVIRONMENTAL MANAGEMENT
Building for sustai to promote valuabl There is a direct link between the stability of an economy and ongoing development. Even before the devastating impact of COVID-19 South Africa’s construction and property industries were experiencing a lull due to reduced expenditure by government on large scale infrastructure projects as well as uncertainty in the private sector investment markets. Yet Johan Piekaar, regional director, WSP, Structures, Africa believes there could be room for optimism since building for sustainability has become a major driver for investment.
F
indings in a survey from Timetric highlight that growth in the industry forecasted between 2017 and 2021 is expected to be more moderate than the review period for 2012 to 2016. Despite the current economic climate there
are domestic and international investors and developers who continue to forge ahead with projects across South Africa, as they see the great potential and value here. Furthermore, building for sustainability has become the main driver for most investors and developers.
SA property trends for 2020
12
INDUSTRIAL BUYER JULY/AUGUST 2020
SAFEGUARD CRITICAL RESOURCES We expect this trend to continue well into the future as Government, businesses and citizens, alike and as the primarily targeted tenants of industrial and commercial spaces,
